Table of Contents
NEW YORK — Haggen Inc. asked a bankruptcy court on Thursday to approve its plan to sell 100 grocery stores as it retreats from Southern California, Arizona and Nevada.Haggen Inc. asked a bankruptcy court last month to approve its plan to sell 100 grocery stores as it retreats from Southern California, Arizona and Nevada.
No third party is likely to make an offer for the stores, Haggen stated in a court filing.
Shortly before filing for bankruptcy protection earlier in the month, Haggen said it would close or sell 27 stores, 26 of which were among the 146 that the Bellingham, Wash.-based company acquired last year from Albertsons, which was required by the Federal Trade Commission to divest the stores in order to consummate its takeover of Safeway.
Haggen intends to regroup around 37 “core” stores in the Pacific Northwest, consisting of 16 of its original 18 stores and 21 of the stores it bought from Albertsons. It will also retain a stand-alone pharmacy from its original footprint.
